Principal Commissioner Of Income ... vs M/S.Redington (India) Limited on 10 December, 2020

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Last updated: 12 December 2020
Quick Summary
This case involves an appeal by the Principal Commissioner of Income Tax against M/s. Redington (India) Limited, heard by the High Court of Judicature at Madras. The appeal concerns the assessment year 2009-10 and challenges an order from the Income Tax Appellate Tribunal. A key question is whether the transfer of shares by Redington to its wholly-owned subsidiary should be treated as a gift, potentially overlooking specific tax provisions.

Court :
High Court Madras

Brief :
These appeals have been filed by the Revenue under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as “the Act”) challenging the common order dated 07.07.2014 passed by the Income TaxAppellate Tribunal 'D' Bench, Chennai (for brevity “the Tribunal”) in I.T.A.No.513/Mds/2014 (filed by the assessee) and I.T.A.No.619/Mds/2014 (filed by the Revenue) for the assessment year 2009-10.

Citation :
T.C.A.Nos.590 & 591 of 2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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